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Invesco Trust For Investment Grade New York Municipals (Invesco Trust For Investment Grade New York Municipals) Pretax Margin % : 95.82% (As of Aug. 2023)


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What is Invesco Trust For Investment Grade New York Municipals Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Invesco Trust For Investment Grade New York Municipals's Pre-Tax Income for the six months ended in Aug. 2023 was $2.50 Mil. Invesco Trust For Investment Grade New York Municipals's Revenue for the six months ended in Aug. 2023 was $2.61 Mil. Therefore, Invesco Trust For Investment Grade New York Municipals's pretax margin for the quarter that ended in Aug. 2023 was 95.82%.

The historical rank and industry rank for Invesco Trust For Investment Grade New York Municipals's Pretax Margin % or its related term are showing as below:

VTN' s Pretax Margin % Range Over the Past 10 Years
Min: 66.52   Med: 97.9   Max: 104.41
Current: 93.59


VTN's Pretax Margin % is ranked better than
55.22% of 1668 companies
in the Asset Management industry
Industry Median: 89.59 vs VTN: 93.59

Invesco Trust For Investment Grade New York Municipals Pretax Margin % Historical Data

The historical data trend for Invesco Trust For Investment Grade New York Municipals's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Invesco Trust For Investment Grade New York Municipals Pretax Margin % Chart

Invesco Trust For Investment Grade New York Municipals Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Pretax Margin %
Get a 7-Day Free Trial 96.59 99.21 104.41 66.52 100.77

Invesco Trust For Investment Grade New York Municipals Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 99.11 100.78 100.37 86.67 95.82

Competitive Comparison of Invesco Trust For Investment Grade New York Municipals's Pretax Margin %

For the Asset Management subindustry, Invesco Trust For Investment Grade New York Municipals's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Invesco Trust For Investment Grade New York Municipals's Pretax Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Trust For Investment Grade New York Municipals's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Invesco Trust For Investment Grade New York Municipals's Pretax Margin % falls into.



Invesco Trust For Investment Grade New York Municipals Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Invesco Trust For Investment Grade New York Municipals's Pretax Margin for the fiscal year that ended in Feb. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Feb. 2023 )/Revenue (A: Feb. 2023 )
=-29.555/-29.329
=100.77 %

Invesco Trust For Investment Grade New York Municipals's Pretax Margin for the quarter that ended in Aug. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Aug. 2023 )/Revenue (Q: Aug. 2023 )
=2.5/2.609
=95.82 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Invesco Trust For Investment Grade New York Municipals  (NYSE:VTN) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Invesco Trust For Investment Grade New York Municipals Pretax Margin % Related Terms

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Invesco Trust For Investment Grade New York Municipals (Invesco Trust For Investment Grade New York Municipals) Business Description

Traded in Other Exchanges
N/A
Address
1555 Peachtree Street, N.E., Suite 1800, Atlanta, GA, USA, 30309
Invesco Trust For Investment Grade New York Municipals is a diversified closed-end management investment company. Its objective is to provide common shareholders with a high level of current income exempt from federal as well as from New York State and New York City income taxes, consistent with preservation of capital.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Glenn Eugene Brightman officer: President & PEO 570 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Stephanie Butcher officer: Senior Vice President 1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong director, officer: Senior Vice President 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Melanie Ringold officer: SVP, CLO and Secretary 1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Mark William Gregson officer: Chief Accounting Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Terry Vacheron officer: Chief Financial Officer 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr officer: Senior Officer & SVP C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Scott Cottier other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Mark Demitry other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Michael Camarella other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes officer: Vice President,PFO & Treasurer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Laura Allison Dukes officer: SMD and CFO 780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Annette Lege director, officer: CFO & CAO 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309

Invesco Trust For Investment Grade New York Municipals (Invesco Trust For Investment Grade New York Municipals) Headlines